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The Daily Hodl

2021-01-29 16:31:19

Chamath Palihapitiya Says GameStop Saga Proves Retail Traders Are As Smart As Hedge Fund Managers

Chamath Palihapitiya Says GameStop Saga Proves Retail Traders Are As Smart As Hedge Fund Managers

Chamath Palihapitiya, CEO of venture capital firm Social Capital, says the Reddit-fueled GameStop stock frenzy shows retail traders are smart enough to take on Wall Street. GameStop soared in the past two weeks as retail traders on Reddit’s WallStreetBets collectively pumped up the shares, causing massive losses to short-sellers who bet on falling prices. In […]The post Chamath Palihapitiya Says GameStop Saga Proves Retail Traders Are As Smart As Hedge Fund Managers appeared first on The Daily Hodl.

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